we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today,

news, jeff greenfield.m washington and msnbc political analyst, eugene robinson. >> i'm reading the jeff greenfield column. >> isn't it fantastic? >> it's always fantastic. he posted at 4:00 a.m. this morning. i was weeping by 4:15. it was unbelievable. it really was. except i disagree with it. everything about it. the misleading second term curse. poor barack obama, after fighting and spending his way to a close but clear re-election, he's doomed to four years of agony, thanks to that second term curse that affects just about every president who's had the misfortune to win a second term. the litmyany appears compelling from lincoln to fdr setback to nixon's disgrace to reagan's iran contra scandal to clinton's impeachment, to george w. bush's collapsing popularity a second term sounds so unappealing it's almost surprising obama didn't ask for a recount. it doesn't afflict every president. second, for many president, the woes of the second term are rooted in action and decisions taken in the first term whic

they're in high rises in cities, in greenfield sites out in suburban areas, there tucked away in the back of offices. they are the way that most commerce takes place now. everyone has to have one. there are concentrations of the in the country. northern virginia, silicon valley. they're everywhere at this point. >> who runs them? >> a variety of players. companies that need these for their regular business owns some of these data centers, everything from walmart to microsoft. there is also a culture or commerce of renting space in dissenters. those are lesser-known names. one of them will sell you time on servers or space on servers. >> mr. glanz, what is contained inside these warehouse buildings? >> they're fairly boring places to visit. they are stacked with these modular computers called servers. one after the other after the other. it does not look like much. they draw a lot of electricity. all the things we rely on, we use the internet -- it all happens in these anonymous looking boxes called servers, thousands upon thousands of these things. >> if somebody has a gmail or yahoo

that is a lot of money they will be investing and making acquisitions and greenfield sites, we shouldmes here but higher taxing and more regulation we impose on business, the more we scare them away, and more they go to different countries,. neil: secretary always good to see you thank you. >> thank you appreciate it. neil: think about this, we bailed them out, now doling out hajj bucks to its -- huge bucks to its workers. what the quasi government agencies are doing. it will make you vomiting for days sick. this family used capital one venture miles to come home for the holidays. that's double mile you can actually use... sadly, their brother's whitchristmas just got "blacked out." [ brother ] but it's theamily party! really jingles your bells, doesn't it my gift to you! the catal one venture card! for any flight, any time! that's double miles yocan actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! neil: fannie mae and freddie mac with a bailout, now their workers get a pay out. they take home more than $200 grand a year. cat

who just said over the coming months and years tens of thousands of new homes have to be built on greenfield sites? >> i think it is clear, yes we should build on brown field land. yes, we should try to deal with the problem of empty homes. we do need to have a frank conversation about the need to build more flats and more houses so we don't have the current situation that we have, so if people don't have the help of mom and dad people in their mid 30's needing help to buy their first house. i think there is a wide decree of agreement on what a new system should look like. it is set out there in black and white, we need to challenge the press to introduce it and if they don't we need to take further action. >> with more men in work than ever before, and with more women in work than ever before, an an tri rate, does my friend not agree with me that the opposition's plan b would jeopardize all of those achievements? >> my friend is entirely right. we are making progress. of course, it is tough when there are so many economic headwinds against us. a records numb of businesses starting up last y

that is aot of money they will be investing and making acquisitions and greenfield sites, we should doe can to make sure as much of that money comes here but higher taxing and more regulation we impose on business, the more we scare them away, and more they go to different countries,. neil: secretary alway good to see you thank you. >> thank you appreciat it. neil: think about ts, we bailed them out, now doling out hajj buc to its -- huge bucks to its workers. what the quasi government agencies are doing. agencies are doing. it will make you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only wayo get a holiday deais to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress save on ground shiing at fedex office. [ male an

we are making money of able under the warm homes healthy people fund, and the greenfield and eco-scheme are some of the biggest scams ever introduced in this country. >> does the prime minister agree with the shadow health secretary that any interest in -- [shouting] as he put a responsible speak with my honorable friend makes an important point. some people in the house of commons might have missed this because in a recent healthy debate my right honorable friend the health secretary asked the shadow health secretary, does he stand by his comments that it is a responsible to increase nhs spending? and what did the right honorable gentlemen say, he said yes, i do. it may be christmastime, and the shadow health secretary is the gift that keeps on giving. >> thank you last week 100 young homeless people came to this house for the first ever young homeless people target i'm grateful for you, and the ministers who came to engage with them. they were actually young people getting powerful personal testimony as to why they have become homeless. and stepping out in no uncertain terms what to e

first grader anna green was buried in greenfield. her coffin pulled in a horse-drawn carriage. the deaths of the 20 children and 6 adults at the sandy hook elementary school has already trying he would action to reduce gun violence and save lives. there was over $100,000 for a gun buy-back. >> even if you get one off the street it's one less chance of it getting into the wrong hands. >> gun reform reunited from a proposal from the nra to station armed guards at every school in the country. >> the only thing that is stops a bad guy with a gun is a good guy with a gun. >> several school districts already have armed officers in their schools. chuck sievertson, abc news, new york. >> as the nation searches for ways to prevent mass shootings, abc this week takes on the gun debate. this morning at 8:00 the head of the nra's national school shield program, former congressman and dea administrator hutchinson defends the gun lobby's controversial proposal to make schools safer. don't miss "this week" with george stephanopoulos coming up at 8:00 here on abc7. >> saint anthony's is holdin

if you're talking about a project with a lot more volatility, then the projects for a greenfield new construction project could be in 17, 18, you know, to 20% type return. so i think the reality is that these investors who represent a lot of time pension fund money or endowment money are looking to deploy that capital on a global basis, and we will find projects that meet those returns. so that's what usually the percentage is a much smaller percentage of the total cost. i think the first part of your question relates to figure out when that money is available here there's money that's been raised, so everyone knows that but i think when it comes down to think about any given project, total cost for theoretical project, was a billion, they would be very much calculation of given the projects future cash flows, given what other source of capital could be available from both federal, federal, state, local funds, forms of debt capital that could be funded on a project basis, or even a tax exempt basis. then how much would be left over for private equity, capital, and those, that usually

how much of a head start do you have already versus where the other guys if they wanted to do greenfield>> well, think about it this way, we have a pier that can handle super tankers in the chesapeake bay, we have 200 billion cubic feet on site already. we have a pipeline dedicated that goes into the heart of the shales. and we need to build a liquefier. and that by itself would cost anywhere between $2.5 billion and $3.5 billion depending on a variety of factors we're working on. that's a big investment when we already have all of the other parts of the enterprise you need. >> now, we're close to chenier. and they got a lot of partners to be able to do the buildout because there's a lot of foreign countries and company sponsors who are desperate for our natural gas. is that a route you can go so the rate payers don't have to pay the cost of this? >> rate payers in virginia and north carolina will have -- bear no cost associated with this at all. this is run through a separate subsidiary under a holding company. we have a pipeline company that has trading cubic feet of gas storage in the

we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go higher on capital gains. you want to get out of some of those names. let's find out how you should be investing 20 days away from the deadline. in today's "closing bell" exchange, carol roth with us, rich peterson from is & p, jonatha

"the master," queen of versailles" is a wonderful document by lauren greenfield.t house when the recession hits. "lincoln" deserves multiple viewings. if you saw it, go back and see it at christmas. you'll see something else. zero dark 30 is a must-see for me. >> what about renting? what do you recommend? >> you mean from the last year? >> what to rent. >> i think people will go back and catch "brave," the pixar movie. it sort of got buried. came out early in the year. the people who are pixar fans gat "brave" a great viewing. >> i wasn't a huge fan of the first two movies but it's worth it. i think it's worth talk about, "looper." i'm not a huge sci-fi guy but i thought it was a huge film. what else kind government missed here, jarvis? >> i think people show go back and see "moonrise kingdom." wonderful movie. >> it was very nice. >> charming. >> a sweet film. >> yeah, yeah. >> what about you, rebecca? you said you only went to one movie. >> my joke was i saw one movie in 2012 with you, jeff, so that was going to be my favorite because we got to see it with you.

they're in high-rises in cities, they're in greenfield siepts out in suburban areas, they're tucked away in the back of offices, because they are the way that most commerce takes place now. so everyone has to have one. there are concentrations of them in the country. i looked in northern virginia, obviously, silicon valley's another spot, but they're really everywhere at this point. >> host: who runs them? >> guest: a variety of players. i mean, for one thing, um, companies that need these for their regular business own some of these data centers, everything from walmart to microsoft. but there's also a culture or a commerce of renting space in data centers, huge data centers, and those are lesser known names like ec by nix was mention inside the piece that will sell you time on servers. >> host: mr. glanz, what's contained within these warehouses buildings? >> guest: well, they're actually fairly boring places to visit. they're all stacked with these computers, modular computers called servers, one after the other after the other. it doesn't look like much, but they draw a lot of electr

rich greenfield there from btig. >> some predictions for the new year.in 2013 are coming up. >>> and still to come, what to expect from the banking sector next year with a looming fiscal cliff and those february stress tests. brad hints is here to weigh in on that a little later. ling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ la ] hey! we've shaved a lot of that off. currently down 38 points. and be prepared for some of this as we get closer and closer to this 3:00 meeting between the president and congressional leaders because the headlines will start flying, are already flyin

views of his planning minister who has said tens of thousands of new homes will have to be built on greenfield sites. >> i think it is absolutely clear, yes, we should build on brownfield land, yes, we should try and deal with the problem of empty homes, but we do have to have a conversation about the need to build more flats and more houses, where we don't have the current situation we have where if you don't have the help of mom and dad, people are in their mid 30s. all credit to the planning minister for trying to fix this problem. on the issue of leveson, i actually think there's a wide degree of agreement about what a new regulatory system ought to look like. it's set out there in black and white in leveson. we need to challenge the press to introduce it and, if they don't, obviously, we have to take further action. >> with more men in work than ever before, with more women in work than ever before, with the deficit cut by 25% and interest rates at historic lows, does my right honorable friend not agree with me that the opposition plan b for more debt would jeopardize all those achievemen

. >> a bar down there called greenfield.d know. >> christmas day at mcdonald's will be open all day. christmas day, mcdonald's. that's where people think a christmas dinner at kfc is a little too norman rockwell. >>> i'm charlie rose with gayle king and norah o'donnell. the house is preparing to vote today on speaker john boehner's fiscal cliff backup plan. his so-called plan b has already been rejected by the white house. >> a new gallup poll shows 62% of americans are paying attention to the fiscal cliff negotiations. major garrett is at the white house with the latest. major, good morning to you. >> reporter: good morning, gayle, charlie, norah. the house republicans cannot pass the democratically controlled senate and it drew swift criticism here at the white house. talks are still continuing. this really represents the first time in about a week that house republicans have moved away from those direct one-on-one conversations between the speaker and the president and looked at and explored different legislative strategi

. >> he's assistant district attorney out of new york city owns a bar called greenfield's, a terrific burst into song. ♪ it's the most wonderful time of the year ♪ >> are you proud of yourself dustin? >> i wouldn't go that far. >> look at me. you've got a better shot that i do. >> you know what? you're being too -- >> i resemble that remark. >> may i say i finally forgive you for the ending of "the sopranos." stevey was here. he said how did you want it to end? >> god has called them all home. ♪ come now almighty king ♪ >> puts faces to the numbers of victims, produces a crippling sadness. >> i wish i could just tell her how proud i was of her. >> she with us a person who could just light up a room. i'm so blessed to be her dad. >> may god bless and keep those we've lost in his heavenly place. ♪ amen ♪ ce chase in antioch >>> good morning everyone. it's 8:55. a police chase in anitoch end inside a fiery crash overnight. officers were trying to stop two suspects who robbed the bon fair market on 10th street around 1:00 this morning. one suspect was arrested after the car crashed into a

susan and ed, lynn, mark, know el, and the great george greenfield, they were all shared employees, wehared with other offices, and then our full-time employees, ben, libya, evan, mike, julie, richard, jennifer, nick, michelle, jim, doory, jesse, angela, kathleen, carolyn, rachel, eric, jennifer, chris, cody, greg, katelyn, stephanie, beth, bennett, nathan , emily, mary, abby, lee, shannon, christina, p.j., alex, nicki, randy, john, the two best veteran constituent service reps you could ever want. sharon, rachel, cara. mr. speaker, all of them were loyal to the district and i read their names into the record to thank them for their service and loyalty to me, with you especially for their service to -- but especially for their service to the district. yield back. the speaker pro tempore: the chair recognizes the gentleman from alabama, mr. brook, for five minutes. mr. brooks: mr. speaker, the bush tax cuts history illuminates why american families face huge tax increases on january 1. the bush tax cuts had two purposes, first, stimulate the economy, create jobs, cut unemployment, and c